Matthew Pestronk

Family investment firms are making their mark in the multifamily industry. Post Brothers’ Matthew Pestronk weighs in on this trend and the challenges in the industry for companies managing family capital.

Residential developer Post Brothers has obtained a $52 million loan for Post Rittenhouse Hill to complete the redevelopment of the Rittenhouse Hill multifamily property in the Germantown section of the city.

Aedis Real Estate Group's Hope on Alvarado is the first in a series of area developments using shipping containers as a primary building material. The community will provide support services for people transitioning from homelessness.

The nine-property portfolio includes communities located in Indianapolis, Memphis, Tenn., Oklahoma City and Cincinnati, totaling 1,803 units. Milhaus developed, constructed and managed the majority of the portfolio.